Kim Evans - Mortgage Professional

01/29/2026

First rate announcement of 2026 today from the Bank of Canada.
There is NO change to prime rate. This means that prime rate is still 4.45%. While it would've been nice to see another rate drop, no change is better than the rates going up!
Bank of Canada rate changes only directly affect variable rate mortgages - so for any variable rate holders, your mortgage payment will be staying exactly the same.

01/16/2026

Received the absolute sweetest review today. It's words like these that remind me why I love what I do and push me to continue to work hard to help all of you!
Reviews and referrals mean so much to a small business like mine, so thank you!!

01/15/2026

11/26/2025

Quiz time!
Can you spot the difference between these pictures? Which picture is the correct one - 1 or 2?

If you guessed the first picture, you’re right.

One of the biggest mistakes homebuyers can make, is house hunting before they get an official mortgage pre-approval. This step is so so important. Yes, it can be a tedious step, especially because us brokers will probably ask for every boring document possible. But I promise you, there’s no worse feeling than house hunting, falling in love with a home and then being told you can’t afford it or that your mortgage can't get approved. .

If you’re considering buying a home, here are the steps you should be familiar with and prepared for.

1. Get Pre-Approved
Find a mortgage broker that you trust and are comfortable with, compare options, and get pre-approved so you know exactly what your price range is.

2. Find a Realtor & Start House Hunting
Realtors are key to finding you homes that meet your needs and fit your budget.

3. Make an Offer
Once you find a home you love, your realtor will work with you to submit a strong offer.

4. Secure Final Mortgage Approval
After your offer is accepted, let your mortgage broker know asap so they can work with the lender to get your full mortgage approval. This is also the perfect time to introduce your realtor to your mortgage broker.

5. Do Your Due Diligence/Removal of Conditions
This step can vary based on the conditions you set with your realtor at the time you submitted your offer. This step is when a home inspection takes place. If everything looks good and your mortgage financing is approved, you will remove conditions. Beware: after conditions have been removed, backing out out of the purchase usually means losing your deposit.

6. Close the Deal
Hire a lawyer, get home insurance, sign your closing documents, and send in your remaining down payment and closing costs. A good rule of thumb is to have additional savings of about 1.5% of the home purchase price to cover closing costs. Closing costs will vary, so speak with your lawyer to find out the exact amount needed.

7. Get the Keys 🔑
Once everything is finalized, you take possession of your new home!

There are so many intricacies when it comes to mortgage approvals. Its our jobs as mortgage brokers to work out the fine details during the pre-approval phase to ensure the final mortgage approval goes smoothly.

If you have any questions or need help with a mortgage pre-approval, comment below or send me a message.

10/30/2025

The Bank of Canada rate cut — what does it actually mean for you?

If you’re currently in a fixed-rate mortgage, unfortunately, this change won’t affect your rate or payments.

Many people assume that when the Bank of Canada cuts rates, fixed mortgage rates automatically drop too. While that would be nice, that’s not quite how it works.

Today’s rate cut may indirectly lead to lower fixed rates over time. This typically doesn’t happen overnight, but lenders could adjust their rates in the coming weeks depending on how bond markets react — though it’s never guaranteed. If you’re in the process of securing a fixed rate, it’s worth having your mortgage professional monitor rates for you.

For those in a variable-rate mortgage — good news! When the Bank of Canada lowers its key rate, lenders generally reduce their prime rate by the same amount. Since your mortgage rate is tied to prime, you’ll likely see a decrease in your interest rate (and possibly your payment, depending on your mortgage type).

📉 Prime rate down 0.25% = lower mortgage rate = lower interest cost
📈 Prime rate up 0.25% = higher mortgage rate = higher interest cost

The latest 0.25% rate cut lowers prime from 4.70% to 4.45%, so expect to see the change reflected in your next payment (with a few exceptions).

If you’d like to learn more about how rate changes affect your mortgage — or whether switching products could benefit you — reach out anytime.

Next Bank of Canada announcement: December 10, 2025.

07/30/2024

First Time Homebuyers 30 Year Amortization!
Effective August 1st, 2024, First Time Homebuyers purchasing New Construction properties are able to qualify on a 30 year amortization! This Insured offering is an exciting opportunity for First Time Homebuyers looking to alleviate the pressures of affordability.

A First Time Homebuyer is defined by meeting one of the following criteria:
The borrower has never purchased a home before; OR
In the last 4 years, the borrower has not occupied a home as a principal place of residence that either they themselves or their current spouse or common-law partner owned; OR
The borrower recently experienced the breakdown of a marriage or common-law partnership.

07/23/2024

wow ! Seeing 4.69 5 year fixed rates insured popping up this morning on mortgages
Let’s see what happens tomorrow with the Bank of Canada announcement 😊

01/28/2024

TMG Summit!

Attending Summit in paradise🌴☀️! Don’t worry, you’ll still be taken care of while we attend Summit Conference! I have my laptop, however responses may delayed

01/20/2024

Beyond excited I am getting a kitchen soon

01/16/2024

Tuesday Mortgage Tip :

Most people understand that paying your credit card on time is critical for a good credit score. But did you know, a maxed out, or over limit credit card can be equally damaging. Try to keep your credit cards/credit lines at 60 % or less of the available limit